George Soros’ fund sold $35 million of Tesla bonds whereas loading up on Amazon, Netflix stock


After dumping its entire maintaining of Amazon stock within the fourth quarter of 2017, Soros Fund Management sold fifty one,200 shares within the e-commerce and cloud giant within the three months ended March 31. The Amazon stake was as soon as value $seventy four.1 million. Amazon has been regarded as one of many greatest-performing know-how stocks this year, up over 34 % year-to-date.

Soros’ fund additionally loaded up on 20,800 Alphabet shares.

Netflix regarded as if it’d be but any other well-liked of the fund. After procuring a dapper amount of stock within the streaming giant within the fourth quarter of 2017, Soros Fund Management bought but any other 148,500 shares within the dear quarter of this year. Netflix had an awfully accurate first quarter, at the side of more subscribers to its provider than the market had expected.

On the flipside, Soros’ fund dumped its diminutive 34,100 portion maintaining in Twitter. And it didn’t prefer any shares of Facebook after fully chopping its stake within the fourth quarter of 2017.